The Brian Sullivan Blog
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    August 2008

August 7, 2008 10:44 AM EDT

The E.A.S.: Bad for Airlines, Good for Me

I'm boarding a flight later today for the beautiful Upper Peninsula of Michigan with mixed emotions.   It's great that I can fly within a few miles of the rural town where I'm headed, but on the other hand I know my flight is part of the problem for airlines.   Let me explain. The last time I flew there it was just me and two other people on the flight.   Its a 30 seat plane (seen ... read more


August 6, 2008 11:23 AM EDT

The Baffling Airline Business: Both Sides to Blame?

There is no industry as difficult to understand or as confusing to cover as the airlines.   It should be straightforward.   Millions of Americans want to travel.  Airlines want to take them there.  Demand.   Supply.  Everyone wins. Sadly, that's not the case.    In the airline business, both the companies and the consumers are losing.      Airlines are losing billions of dollars ... read more


August 4, 2008 09:35 PM EDT

Has the Dollar Finally Bottomed Ahead of the Fed?

Below is a 1 year chart of the PowerShares Dollar Bull ETF (UUP).    The question ahead of tomorrow's Fed meeting is if the U.S. dollar has finally turned from being the weak-back back into the trusty old greenback our grandfathers loved and respected.  The answer is a semi-affirmative "probably." The UUP is not a direct bet for the dollar against any one currency.  Rather it is a long ... read more


August 4, 2008 12:25 PM EDT

More on the Lansing Speech

LIstening to Senator Obama's Lansing, Michigan speech .. bashing ExxonMobil as the poster child of 'big oil.'  Noted their profits and revenues multiple times. One wonders if the Senator is aware that Exxon produces only about 3% of the world's oil. There is no company in the world producing 3% of anything that has control over the price of its goods. It seems particularly sad that any ... read more


August 4, 2008 10:47 AM EDT

More on Windfalls

More on the earlier discussion.   This AP story just crossed regarding a new Obama ad: ------------------- CHICAGO -- Barack Obama's campaign unveiled a television ad Monday that attacks Republican John McCain's energy policies.    "After one president in the pocket of big oil we can't afford another," says the ad, referring to President ... read more


August 4, 2008 07:24 AM EDT

The "Low Profit Margin Tax?"

Excellent op/ed in today's Wall Street Journal.   Outlines how Obama and others in Congress want to impose a "windfall" profit tax on the big oil companies, even when the profit margins are among the lowest per major industry group.  The problem lies in defining "windfall." An excerpt: Exxon's profit margin stood at 10% for 2007, which is hardly out of line with the oil and gas industry ... read more


about this blog

  • Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block. Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.

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